Update on industrial action at RBPlat's Bafokeng Rasimone Platinum Mine ('BRPM ')
RBPlat hereby advises shareholders that the Company has been informed by the service provider, namely, JIC on Thursday, 26 October 2011, that JIC and its Contract miners settled on a two year wage agreement thereby ending the protected industrial action. It is anticipated that production at BRPM will return to normal by Monday, 31 October 2011.
The estimated loss of production due to the Contract miners’ industrial action is projected to be 34,350 tonnes with a resulting loss of 3,920 4E ounces.
RBPlat is considering various measures to mitigate the risk of future disputes between contract miners and their employers.
27 October 2011
Macquarie First South Capital (Pty) Limited
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